Listed by Oak Investment Real Estate
$7,800,000
Capitol Hill
Details
Property Type Multifamily
Sub Type Apartment Building, Student Housing
Square Footage 75,240
Units 98
Tenancy Multi
Year Built 1951
Stories 12
Acreage 0.857
Zoning CBD-ACI-1(PL)
Parking Spaces 98 spaces
Parking Per SqFt 1.30
Investment Type Value Add
Multifamily | 98 Units | $59,090/unit
Marketing description
Capitol Hill Apartments is a 132-unit high-rise community strategically positioned adjacent to Creighton University in Downtown Omaha. The asset benefits from a durable student and workforce housing demand base, strong visibility, and immediate access to Omaha's primary employment and educational anchors.
Investment highlights
- Tax Incentives: Located in Opportunity Zone, a CRA/EBA for TIF & QCT
- Value-Add Strategy: $10K/unit renovation drives average rents from $711 to $925 and implement RUBS
- Structured Parking: Two-level, 98-stall garage included.
- Premier Location: Directly adjacent to Creighton University with walkable access to downtown amenities
- Reduced CapEx Risk: Fire Pump System (2026), Domestic Water Heater (2025), Chiller (2022), Boiler (2020), Roof (2015)
- Strong Amenities: Fitness center, resident lounge, covered parking
Listing Contacts
Listed by Oak Investment Real Estate
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